Old Dominion sees August impact from Yellow’s shutdown
Less-than-truckload carrier Old Dominion reported a large turnabout in operating trends during August.
Less-than-truckload carrier Old Dominion reported a large turnabout in operating trends during August.
Supply chain visibility provider Descartes leans on past acquisitions to grow through the downcycle.
ArcBest said Monday that shipments from its primary less-than-truckload customers have increased 20% since June.
Knight-Swift Transportation announced late Friday that its top two executives have taken a reduction in base pay amid other cost-cutting measures at the company.
Lightning eMotors has enough parts to build electric vehicles through the end of the year, but it needs new capital soon to stay in business.
Second-quarter cargo revenue at Air Canada fell 24% — not so bad in the context of global market conditions.
Electric bus and battery maker Proterra Inc. won’t fight an Aug. 17 delisting from the Nasdaq as it works on a bankruptcy reorganization plan.
Yellow Corp. released second-quarter financials Wednesday following a bankruptcy petition earlier in the week.
Atlanta-based FleetCor Technologies reported fuel transaction revenue of $399 million in the second quarter, a 6% year-over-year increase.
Hyzon Motors is willing to consider selling itself or merging to keep making progress on its fuel cell system.
Asset sales in Q2 helped Nikola add cash to its balance sheet, but losses widened as ramp-up of fuel cell trucks consumed cash.
Less-than-truckload carrier XPO said it would add capacity to meet the increased demand created by Yellow’s departure.
Less-than-truckload carrier XPO saw shipments and tonnage surge in July as a competitor shut down.
Texas-based flatbed carrier Daseke does not expect to see improvement in the freight market the rest of the year.
Werner Enterprises reported an earnings miss for the second quarter on Thursday after the market closed.
Supply chain technology provider Trimble posts impressive Q2 results and says truck spot rates may have “bottomed out.”
Multimodal provider Schneider National reeled in its 2023 earnings outlook by roughly 13% on Thursday.
Less-than-truckload provider Forward Air missed second-quarter earnings expectations but management noted it’s seeing a lift from Yellow’s shutdown.
Like other trucking OEMs, Daimler Truck rode higher prices to solid second-quarter results while incoming orders fell.
Truckload carrier Heartland Express reported worse-than-expected second-quarter results on Monday.